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Zachary Karabell about 7 things that went wrong in the Facebook IPO

05/25/12

The Daily Beast: Wall Street, not Facebook, Bears Most of the Blame for the Company’s IPO Debacle, May 24, 2012

..."Today, graduates want to work at the next Facebook, and the company’s current share price won’t change that one bit. Today, talented young people want to be in Silicon Valley or Silicon Alley or the next Hewlett-Packard garage. That is part of the Facebook allure, along with the dream of making the world a better place. And if they can get rich as well, why not? One day, just maybe, the same will be said of the financial world. Last week, the two worlds met, and it wasn’t a happy meeting. Facebook has a lot to learn and much to prove, but not nearly as much as Wall Street." Source: The Daily Beast

read the whole article here

Keywords: Facebook, Wall Street

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